Kim: Gaming industry slump is a standard post-COVID cyclical correction
Joseph Kim · Ep# 17 | WTF is Gaming in India? | Career, Investment, Entrepreneurship · Nikhil Kamath · Apr 21, 2024 · at 1:39:09
Lila Games CEO Joseph Kim counters Nikhil Kamath's suggestion that the gaming industry is fundamentally broken following mass layoffs and studio closures.
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“So like, yes, because of COVID there was a huge spike, but if you look at the overall trajectory, at least on the mobile side, The growth, like if you smooth out COVID, then there was an over investment because of COVID, and everyone was extrapolating linearly, and a lot of additional people were hired and things, things like that, and now we're kind of correcting on the downside, but I mean, that's a typical business cycle, right?”
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